Simon Corney has been in discussions regarding the takeover of Oldham Athletic Association Football Club for several months.
The club can now officially announce that a deal has been agreed and the English Football League have approved the change in majority shareholding to Mr Abdallah Lemsagam.
Mr Corney believes that in Mr Lemsagam he has found the right man to take the club forward and one who has the resources, skills and contacts to do so.
This is a huge step for the football club and Oldham Athletic would like to thank Mr Corney for his years of service and support during his 14-year tenure.
The club would also like to take this opportunity to thank the EFL for their cooperation and the supporters of Oldham Athletic for their patience during this transition period.